World Bank Lowers Its Forecast for Growth in China
The world bank lowered the forecast for economic growth for China. It predicted a growth of 7.5 but now has said 6.5. Both of these predictions are lower than China's own prediction of 8. The article goes on to explain some see this as ok because China's predictions and possible outcomes are not as bad as other countries.
The slowdown of economic growth is just another signal of the global economy's current situation. It also might add to the mounting pressures placed on the people with the economy already taking a down turn and effecting jobs and businesses.
http://www.nytimes.com/2009/03/19/business/worldbusiness/19china.html?_r=1
The slowdown of economic growth is just another signal of the global economy's current situation. It also might add to the mounting pressures placed on the people with the economy already taking a down turn and effecting jobs and businesses.
http://www.nytimes.com/2009/03/19/business/worldbusiness/19china.html?_r=1
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